An e-auction or an electronic auction is a procedure in which a firm looking for some goods or services issues request for bids and providers can then submit their best price proposals online. The procedure starts with a brief survey to collect essential information from suppliers. Once the buyer has compiled a shortlist of suppliers,… Continue reading What is an e-auction and when should I use it?
Direct Sourcing or Direct Material Procurement or Direct Material Sourcing is the process of purchasing materials that are directly used in the production of goods that the company is manufacturing. It includes all the items that are part of finished products produced by the company, such as raw materials, components, or parts, etc.
Procurement activities in an organization can typically be split into two – direct spend and indirect spend. Direct Procurement deals with the purchase of materials and services needed for the manufacturing process of the company. For example, an Automotive company could source steel or electronics, or even powertrain components. It has a direct impact on… Continue reading What are the differences between Direct and Indirect Procurement?
A direct material sourcing solution enables businesses to streamline the complex and multi-layered processes involved in Direct Materials Sourcing ranging from sourcing and analyzing multi-level Bill of Materials (BOM), eSourcing, cost optimization, and demand tracking to budget management and managing the supply base. Benefits of a direct procurement solution: • Product quality and compliance monitoring… Continue reading What are the benefits of a Direct Material Sourcing or Direct Procurement Solution?
MeRLIN helps organizations overcome the challenges associated with direct materials purchases. It helps procurement professionals identify sourcing needs from multiple sources like PLM, MRP, Requisitions from ERP, etc. It then consolidates demand across requisitions to maximize purchasing power. The collaborative platform helps break down the walls between engineering and sourcing departments and enhances collaboration with… Continue reading How can MeRLIN help in Direct Spend Management?
MeRLIN can help you mitigate supplier risks mainly by ensuring the procurement organization is able to analyze, automate and streamline various aspects of Supplier Relationship Management. • Supplier Diversification – Do detailed supplier spend analysis at individual as well as group level and ensure that no single supplier/supplier group has a dominance in your supply… Continue reading How can I reduce Supplier Risks with MeRLIN?
Yes, MeRLIN can be integrated with any ERP or your homegrown systems, PLM, CAD systems, etc.
Strategic Sourcing is an approach to supply chain management that rationalizes and improves the procurement activities of an organization with the use of tools, techniques and data analytics to find the best value. The strategic sourcing or strategic procurement process includes spend analysis, market & supplier analysis combined with effective sourcing, contracting and negotiating terms… Continue reading What is Strategic Sourcing?
Procurement: Procurement is the business process that deals with acquiring products and services for an organization and is usually viewed as a tactical function. Procurement is a broader concept encompassing multiple processes – sourcing, contract management, requisitioning, purchasing, payments, analysis, and supplier management. Sourcing: Sourcing is the procurement function responsible for finding the right supplier for meeting the organization needs and is viewed as a core strategic… Continue reading What is the difference between Sourcing, Procurement and Purchasing?
Strategic Sourcing provides organizations with a number of benefits, especially if they implement a strategic procurement software. It enables organizations to leverage its consolidated purchasing power to find the best value. By bringing a strategic approach to purchasing activities, procurement leaders can ensure that they purchase goods at the best total cost of ownership. The… Continue reading What are the benefits of Strategic Procurement?
Vetri celebrated three years as CEO of MeRLIN Sourcing in June 2023. His vision spearheaded the transformation of the company internally through modernization and HR transformation and externally with the promise of delivering value to customers and putting them at the heart of the MeRLIN Sourcing business and product development strategy.
Vetri built his career in global software businesses over the last decades. Seasoned professional with a global perspective, spanning the Americas, Europe, and Asia, and a diverse industry background across EPC, Defense, manufacturing, automotive, and life sciences industries.
A firm believer in the principles of doing well by doing good, he won his two awards as the IT Executive of 2014-2015 and 2016-2017 in Europe. He is a highly regarded global thought leader in the IT and cloud software industries and is an active investor/advisor for emerging companies. He is known as a leader who builds and motivates world class teams, champions diversity, and exudes a deep passion for how technology can transform the workplace and empower individuals.
Dr. Werner Breuers completed his studies in chemistry at the RWTH Aachen University with a doctorate. He began his professional career in 1989 as a chemist at Hoechst AG in Frankfurt in the research and development department.
After managerial positions at Hoechst AG, Dr. Breuers took over management of the license and catalyst business at the polyethylene manufacturer Elenac GmbH in Kehl in 1999, which became part of the Basell group a year later. As a member of Basell’s Executive management team, he headed the global Technology Business division based in Milan and most recently served as President of Basell Polyolefins Europe based in Amsterdam.
Dr. Breuers has also been a member of the Board of Management of LANXESS AG since May 14, 2007 and was responsible for the Performance Polymers and Advanced Intermediates business units. His responsibilities and strategic operations also include the functional areas of Global Procurement & Logistics, Innovation & Technology and Industrial & Environmental Affairs. He has been board of several other companies and has also served as trustee of RWTH Aachen University and currently advising and supportinfg the growth of MeRLIN Sourcing in Europe.
Oliver Scheffert is an experienced entrepreneur with a successful completed doctoral program in business administration and a master’s degree in International Business Studies. He held management positions at Microsoft for nearly 13 years, receiving prestigious awards for exceptional leadership and results like the Circle of Excellence Platinum Award. Notably, Oliver led the ISV business unit in Germany to a billion-dollar revenue stream.
He later served as the General Manager/Managing Director at Aparavi Software Europe GmbH and recently founded CNSLT Partners GmbH, a strategy and management consultancy, leveraging his extensive specialist knowledge to help IT companies achieve lasting success.
